Indian Energy Exchange (IEX) shares tumbled nearly 4% on Friday, slipping to as low as ₹133.45 on the BSE during intra-day trade. The stock now hovers close to its 52-week low of ₹130.35 hit back in August, with trading volumes surging much higher than usual. This marks fresh pressure after the stock closed at ₹139.13 on Wednesday.
Main Reason: Reports of CERC Fee Cuts
The sharp fall comes amid buzz that the Central Electricity Regulatory Commission (CERC) is looking to slash transaction fees for power exchanges. Right now, exchanges like IEX charge about 2 paise per kilowatt-hour (kWh) on both buy and sell sides, making it around 4 paise total per trade. Sources say CERC may bring this down to a flat 1.5 paise per kWh per side for most segments, and even lower to 1.25 paise for longer-term deals like Term-Ahead Market.
Since IEX makes most of its money from these per-unit fees, any cut would hit revenues hard and squeeze profits. Talks are still early stage with no final call yet, and IEX has not commented on the reports. But investors are worried, especially after earlier regulatory hits like market coupling plans that already dented the stock big time.
How Has the Stock Performed Lately?
IEX shares are down 24% this year so far and 28% over the past six months. They once touched a 52-week high of ₹215.40 in June but have faced steady selling since. At 1:30 PM, the stock was trading around ₹136, down over 2% for the day, lagging behind broader markets.
Quick Facts on IEX
- IEX runs India’s top platform for trading electricity, green energy certificates, and energy-saving certificates.
- It helps set fair prices and makes power trading faster and open for everyone.
- The company dominates the market but now faces more rules that could change how it earns.
Disclaimer: This is for information only, not investment advice. Talk to a financial advisor before any trades.
